Over thirty families from Sampaloc, Manila will soon settle into their new homes following the turnover of units at the Villa Umami Homeowners’ Association, Inc., a socialized onsite resettlement project of the Social Housing Finance Corporation (SHFC) for low-income households.
Built under the agency’s Community Mortgage Program (CMP), the three-story building is composed of 12 units per floor, each measuring about 35sqm.
Each family will pay approximately P3,500 per month for a maximum of 30 years.
The partner-homeowners from Villa Umami are now part of the more than 383,000 families who were provided with secured homes through the CMP.
Since its inception in 1988, the program has released more than P19.1 billion in loan assistance to finance over 3,000 housing projects across the country.
SHFC Mega Manila I operations vice president Elsa Juliana Calimlim; board of directors member Ronald Barcena; Department of Human Settlements and Urban Development Usec. Albert dela Cruz, Sr.; and Vice Mayor Maria Sheila “Honey” Lacuna-Pangan led the ceremony.